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First Quarter 2021 Financial Results. SPAC to take sports card company Topps public. Topps Company Confirms Deal to Become Public Company via ... Topps Merging with Mudrick Capital II in $1.3B Deal ... Form 10-K/A Topps SPAC merger with Mudrick Capital dies because MLB ... Another SPAC deal falls apart after Topps trading cards ... Mudrick rose 7 percent and closed at $13.36 on April 13. Topps' Plans to Go Public Via SPAC Deal Terminated in ... Topps Staying Private, Merger with Mudrick Capital Called Off Mudrick Capital Acquisition Corporation II Announces ... Mudrick Capital Acquisition Corporation II said Friday its SPAC merger with The Topps Co. "has been terminated by mutual agreement" because of Major League Baseball's decision to end a 70-year-old trading card deal with Topps.. Mudrick Capital Acquisition Corporation II Announces ... Trading card company Topps is set to go public via a SPAC merger with Mudrick Capital that could value it at $1.3 billion. Topps CEO Michael Brandstaedter will lead the . . Mudrick Capital Acquisition Corporation (NASDAQ: MUDS), a special purpose acquisition company (SPAC) announced it is merging with trading card company Topps, according to CNBC.This reverse merger deal would value Topps at $1.3 billion. The deal values the combined enterprise at $1.227 billion. Once the Continue reading Topps Taking Company Public In Merger With Mudrick Capital→ Topps' SPAC Deal Is A Goner After MLB Decision To Cut Ties. Trading card company Topps is set to go public via a SPAC merger with Mudrick Capital that could value it at $1.3 billion. Shares of Mudrick Capital Acquisition Corp. II MUDS, -2.13% fell 2.1% toward a 4 1/2-month low in premarket trading Friday, after the special purpose acquisition company (SPAC) said the merger agreement. Eisner, best known as the longtime CEO of Walt Disney Co., is bringing Topps public in a merger with Mudrick Capital Acquisition Corp. II, a SPAC formed by hedge fund manager Jason Mudrick. Trading card company Topps is finally paying off for Michael Eisner.. Eisner, best known as the longtime CEO of Walt Disney Co., is bringing Topps public in a merger with Mudrick Capital Acquisition Corp. II, a SPAC formed by hedge fund manager Jason Mudrick. The deal, on track to close in about a month, values Topps at $1.6 billion. Item 1.02 Termination of a Material Definitive Agreement. Topps announced Tuesday plans to merge with a special purpose acquisition company, or SPAC, in a deal that values Topps at $1.3 billion. Topps is a sports and entertainment collectibles business. NEW YORK, Aug. 20, 2021 /PRNewswire/ -- Mudrick Capital Acquisition Corporation II (Nasdaq: MUDS) announced today that the Agreement and Plan of Merger with Topps Intermediate Holdco, Inc. and Tornante-MDP Joe Holding LLC has been terminated by mutual agreement, after notification on August 19, 2021 from Major League Baseball and the Major League Baseball Players Association that they would . Topps, the nation's most iconic sports card trading company, is merging with Mudrick Capital to form a new company valued at $1.3 billion. Image source: Getty Images. Mudrick Capital Acquisition and Topps Company have terminated their proposed merger. 6. The Topps Company is set to go public by merging with special purpose acquisition company (SPAC) Mudrick Capital Acquisition Corporation II in a deal valuing the trading card giant at some US$1.3 . Mudrick Capital Acquisition Corporation II (Nasdaq: MUDS) announced today that the Agreement and Plan of Merger with Topps Intermediate Holdco, Inc. and Tornante-MDP Joe Holding LLC has been . The deal had been terminated by a mutual agreement . Investors cheered Mudrick Capital's upcoming merger with Topps. The company will combine with a blank check firm named . "With the support of our new partners at Mudrick Capital, the company will continue its long history of innovation and global expansion, bringing consumers the best of collectibles and confections products while successfully extending into new verticals and emerging categories to take advantage of digital content . Net sales increased by $59.3 million, or 55.3%, to $166.6 million for the first quarter of 2021, from $107.3 million in the first quarter of 2020, reflecting . Mudrick Capital Acquisition Corporation II (Nasdaq: MUDS) announced today that the Agreement and Plan of Merger with Topps Intermediate Holdco, Inc. and Tornante-MDP Joe Holding LLC has been terminated by mutual agreement, after notification on August 19, 2021 from Major League Baseball and the Major League Baseball Players Association that they would not be renewing their respective . NEW YORK, Aug. 20, 2021-- Mudrick Capital Acquisition Corporation II (Nasdaq: MUDS) announced today that the Agreement and Plan of Merger with Topps Intermediate Holdco, Inc. and Tornante-MDP Joe Holding LLC has been terminated by mutual agreement, after notification on August 19, 2021 from Major League Baseball and the Major League Baseball . Investors cheered Mudrick Capital's upcoming merger with Topps. The famed trading card company will go public in a merger deal with SPAC Mudrick Captial Acquisition that values Topps at $1.3 billion. Mudrick SPAC-Topps Deal Collapses After Losing MLB Card Deal. Topps is expected to shift its business focus to another investment tool that has . Mudrick Capital stock() was dropping in pre-market following the commencing of investigation against MUDS stock by Levi & Korsinsky, LLP.Furthermore, Topps announced the termination of the merger agreement with MUDS stock. Image source: Getty Images. His enterprise, Tornante Company, and Madison Dearborn Partners teamed up . Mudrick Capital and funds and accounts managed by Gamco Investors and Wells Capital Management are "expected . 99.1 : Joint Press Release of Mudrick Capital Acquisition Corporation II and The Topps Company, Inc. dated April 6, 2021. Pursuant to the Merger Agreement, the Company agreed to acquire all the outstanding capital stock of Topps (the "Topps Merger"). Mudrick Capital Acquisition Corporation II Announces Termination of Merger Agreement for Business Combination with The Topps Company Aug 18, 2021 The Topps Company Raises 2021 Outlook and Announces Second Quarter 2021 Results 7. DIS, Financial) and current chairman of Topps, also commented on the partnership. The Topps Company announced Tuesday that it will be going public through a merger with special purpose acquisition company (SPAC) Mudrick Capital Acquisition Corp. II MUDS, +0.10% in a deal that . Once the merger is complete, former Disney head Michael Eisner will continue as the combined company's chairperson. Currently, The Topps Company is valued at just over $1 billion (more than 12 times . Sports trading card company Topps has joined the fray with its $1.3 billion SPAC merger with Mudrick Capital. Rebecca Cattlin August 19, 2021 3:30 PM. These are the details. Former Disney CEO Michael Eisner will "stay on" as Topps Chair. NEW YORK, Aug. 04, 2021 (GLOBE NEWSWIRE) -- The Topps Company, Inc. ("Topps" or "the Company"), a global leader in sports and entertainment collectibles and confections, and Mudrick Capital Acquisition Corp. II (NASDAQ: MUDS) ("MUDS"), a special purpose acquisition company, announced today that MUDS has filed a definitive proxy . Find out everything you need to know about the company ahead of its listing. As beaten-down firms dwindle, Mudrick invests in booming Topps. Mudrick Capital Acquisition Corporation II April 2021. . Topps, a sports and entertainment collectible firm backed by former Walt Disney Co boss Michael Eisner, had in April agreed go public through a merger with Mudrick Capital Acquisition Corp II, a special purpose acquisition company (SPAC), in a deal valuing the combined company at $1.3 billion. The SPAC Deal: Topps, an 80-year-old trading card company, announced Tuesday a merger with Mudrick Capital Acquisition Corporation II (NASDAQ:MUDS). NEW YORK, Aug. 20, 2021 /PRNewswire/ -- Mudrick Capital Acquisition Corporation II (Nasdaq: MUDS) announced today that the Agreement and Plan of Merger with Topps Intermediate Holdco, Inc. and . The . Disclaimer 1 This Presentation ("Presentation") is for informational purposes only to assist interested parties in making their own evaluation with respect to the proposed business combination (the "Business . Topps has "agreed to go public through a merger" with Mudrick Capital Acquisition Corporation II, a SPAC that values Topps at $1.3B, according to Amelia Lucas of CNBC.com. Topps, which is best known for its baseball cards and Bazooka candy line, has agreed to go public through a merger with Mudrick Capital Acquisition . 183k members in the SPACs community. Mudrick Capital's merger with Topps comes at a time when many companies are choosing the SPAC route to go public rather than the traditional IPO format. Sports memorabilia company and digital-asset entrant Topps announced Tuesday it will go public through a merger with Mudrick Capital's special purpose acquisition company in a deal that values . On Friday, August 20, a proposed merger between Mudrick Capital Acquisition Company II and Topps was terminated. 99.2 For . The deal is expected to close by the third quarter. Topps Merging with Mudrick Capital II in $1.3B Deal. The deal values Topps at $1.3 billion. The demise of the Mudrick Capital , Topps merger is likely one that will be talked about for quite some time.The merger, seemingly a done deal pending this week's shareholder vote, went south in a . Topps is going public through a merger with Mudrick Capital Acquisition Corporation II, a special acquisition company that is valuing the sports card giant at $1.3 billion. The deal is expected to close late 2nd quarter or early 3rd quarter, and values the company at $1.3 billion. Topps CEO Michael Brandstaedter will lead the . Law360 (August 20, 2021, 9:38 AM EDT) -- Mudrick Capital Acquisition Corp. II's planned merger with Topps Co. is getting scrapped in . A blank-check company investor filed suit in Delaware against affiliates of its sponsor, Mudrick Capital Management LP, to challenge the terms of a capital restructuring related to its proposed merger with Topps Co., which would take the trading card manufacturer public. The firm is located in New York City and, as of February 2021, managed approximately $3.5 billion in assets. The firm was founded by Jason Mudrick, its current Chief Investment Officer, in 2009. August 20, 2021 - 7:30 am. Special Purpose Acquisition Companies (SPACS), Units, Warrants and the best DD on Reddit. On August 20, 2021, the parties terminated the Topps Merger, effective August 20, 2021. . Topps SPAC: Everything you need to know about Topps. NEW YORK, Aug. 20, 2021 (GLOBE NEWSWIRE) -- The Topps Company today announced the termination of its merger agreement with Mudrick Capital Acquisition Corporation II by mutual agreement and that . Find out everything you need to know about the company ahead of its listing. The cancellation of the proposed SPAC deal comes after the MLB said it would not renew its contract with Topps. Topps and Mudrick were nearing the finishing line of a merger that would have seen the new company go public on the . Topps, SPAC Mudrick Capital terminate merger deal that would have taken Topps public Provided by Dow Jones. Sports collectibles and trading card company Topps and Mudrick Capital Acquisition II will combine in a $571 million cash transaction, including $250 million held in trust by the SPAC, Mudrick announced today in a proxy filing. Law360 (August 20, 2021, 9:38 AM EDT) -- Mudrick Capital Acquisition Corp. II's planned merger with Topps Co. is getting scrapped in . The transaction, which is expected to close late in the second quarter or early in the . Topps, SPAC Mudrick Capital terminate merger deal that would have taken Topps public Published: Aug. 20, 2021 at 7:45 a.m. Do NOT follow this link! The termination of the merger between Topps and the special purpose acquisition company Mudrick II on Friday could spark a lengthy legal fallout. The Merger Agreement. The Mudrick SPAC and Topps announced in April that they planned to merge in a deal that valued the combined company at $1.3 billion. Topps' baseball cards from the 2016 season are on display during the "Open Topps Baseball Series 1 Cards " event at the Topps' offices on February 10, (Bloomberg) -- Topps Co. will no longer go public through a merger with blank-check firm Mudrick Capital Acquisition Corp. II, a significant blow for the trading card maker after it lost its longtime contract with Major League Baseball. Sponsor Support Agreement, dated as of April 6, 2021, by and among Mudrick Capital Acquisition Corporation II and Mudrick Capital Acquisition Holdings II LLC. Topps announced today they will be merging with Mudrick Capital Acquisition Corporation and taking taking the company public. Topps, the leading baseball-card company since the 1950s, had reached a deal in April to become publicly traded through a merger with Mudrick Capital Acquisition Corp. II , a special-purpose . Bloomberg's Crystal Tse reports on Topps Co.'s decision to no longer go public through a merger with blank-check firm Mudrick Capital Acquisition Corp. and Bill Ackman's plans for a special . Mudrick Capital Acquisition Corporation II Announces Termination of Merger Agreement for Business Combination with The Topps Company Mudrick Capital Acquisition Corporation II (Nasdaq: MUDS) announced today that the Agreement and Plan of Merger with Topps Intermediate Holdco, Inc. and Tornante-MDP Joe Holding LLC has been terminated by mutual . Specifically, because Mudrick Capital is the investment advisor for investment vehicles that specialize in distressed credit investing, executives at Mudrick Capital are made aware of potential opportunities with respect to many of the companies in North America that are going through a balance sheet restructuring process. Topps Co. will no longer go public through a merger with blank-check firm Mudrick Capital Acquisition Corp. II, a significant blow for the trading card maker after it lost its longtime contract . Mudrick Capital Acquisition Corporation II said Friday its SPAC merger with The Topps Co. "has been terminated by mutual agreement" because of Major League Baseball's decision to end a 70-year-old . Mudrick, a SPAC, sought to merge Topps—perhaps the most well-known trading card company in the United States—with another company, but the deal fell through due to the failure to renew a contract between Topps and Major League Baseball (MLB). Mudrick Capital Acquisition Corporation II exists to affect a merger, allowing The Topps Company to go public. The Topps Company, Inc., a global leader in sports and entertainment collectibles and confections, and Mudrick Capital Acquisition Corporation II (NASDAQ: MUDS), a publicly-traded special purpose . Everybody in the industry knows Mudrick Capital Management LP . ET Topps valued at US$1.3bn in proposed SPAC merger. As a SPAC, Mudrick Capital acts as a shell company that has no commercial operations but raises capital through a public offering in order to acquire . Mudrick Capital Acquisition Corporation II exists to affect a merger, allowing The Topps Company to go public. Topps' SPAC merger will include chairman Michael Eisner . The Topps Company announced Tuesday that it will be going public through a merger with special purpose acquisition company (SPAC) Mudrick Capital Acquisition Corp. II (MUDS) in a deal that values . SPAC Mudrick Capital II and Topps trading cards terminate merger pact Aug. 20, 2021 7:38 AM ET Mudrick Capital Acquisition Corporation II (MUDS) , FANA SFTBY By: Joshua Fineman , SA News Editor 10 . As previously disclosed, on April 6, 2021, Mudrick Capital Acquisition Corporation II ("MUDS") entered into an Agreement and Plan of Merger (the "Merger Agreement"), by and among MUDS, Titan Merger Sub I, Inc., a Delaware corporation and direct, wholly owned subsidiary of MUDS, Titan Merger Sub II, LLC, a Delaware . Mudrick Capital Acquisition Corp. II (MUDS) relating to its proposed merger with Topps Co.Under the terms of the agreement, MUDS will acquire Topps through a reverse merger, with Topps emerging as a publicly traded company. Rebecca Cattlin August 19, 2021 10:30 AM. The deal is expected to close by the third quarter. Topps'audited consolidated financial statements for the year ended . Topps, a sports and entertainment collectible firm backed by former Walt Disney Co boss Michael Eisner, had in April agreed go public through a merger with Mudrick Capital Acquisition Corp II, a . Topps is going public through a SPAC merger with Mudrick Capital Acquisition Corporation II (MUDS). NEW YORK, Aug. 20, 2021 /PRNewswire/ -- Mudrick Capital Acquisition Corporation II (Nasdaq: MUDS) announced today that the Agreement and Plan of Merger with Topps Intermediate Holdco, Inc. and . 90 votes, 117 comments. Baseball card company Topps is going public through a SPAC merger with Mudrick Capital Acquisition Corporation II (MUDS). Topps SPAC: Everything you need to know about Topps. Aug 20, 2021 11:45 AM UTC. The recently cancelled IPO from Topps could spark lawsuits from both the company itself and shareholders of the blank-cheque acquisition firm Mudrick Capital Acquisition which planned to take it public, according to a law professor at the University of New Hampshire.. Michael McCann, director of the Sports and Entertainment Law Institute at UNH, cites the possible withholding of material . Topps' SPAC Deal Is A Goner After MLB Decision To Cut Ties. Mudrick Capital Management is an investment firm specializing in special situations and event driven investing. At the current price of about $11.58, MUDS stock has pulled back more than . Mudrick Capital Acquisition Corporation (NASDAQ: MUDS) is merging with Topps. Mudrick Capital Acquisition Corporation II Announces Termination of Merger Agreement for Business Combination with The Topps Company Mudrick Capital Acquisition Corporation II (Nasdaq: MUDS) announced today that the Agreement and Plan of Merger with Topps Intermediate Holdco, Inc. and Tornante-MDP Joe Holding LLC has been terminated by mutual . New York — The Topps Co., Inc., parent company of Bazooka Candy Brands, and Mudrick Capital Acquisition Corp. II, a publicly traded acquisition company, have established a definitive agreement for a business combination that will result in Topps becoming a public company.Upon closing of the transaction, which is expected in late second or early third quarter, the combined company will be . The announcement for the Nasdaq-listed blank check company in a filing with the Securities and Exchange Commission came a day after news broke that MLB will not . A release from Topps said the decision to cancel the merger was a mutual one. The Topps Company is set to go public by merging with special purpose acquisition company (SPAC) Mudrick Capital Acquisition Corporation II in a deal valuing the trading card giant at some US$1.3 billion. Topps, SPAC Mudrick Capital terminate merger deal that would have taken Topps public. Shares of . Highlights the difficulty distressed investors currently face. MUDS stock price saw a downtrend of 7.02% today to drop at $9.40 a share at the time of this writing. The Nasdaq-listed Mudrick Capital announced a SPAC merger with Topps back in April, valuing the iconic trading card brand at $1.3 billion.Topps said in a statement Friday that it'll remain private following Mudrick Capital pulling out of its deal. The Topps Company is set to go public by merging with special purpose acquisition company (SPAC) Mudrick Capital Acquisition Corporation II in a deal valuing the trading card giant at some US$1.3 billion. 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